During the financial crisis Congress and President Obama authorized tax cuts and increases in government spending.According to the Phillips curve,in the short run these policies should have

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According to the Phillips curve, in the short run, tax cuts and increases in government spending should have raised inflation and reduced unemployment. This is because an increase in government spending typically stimulates demand in the economy, leading to higher levels of economic activity and lower levels of unemployment. However, this also leads to an increase in demand for goods and services, which can push up the prices of goods and services, leading to higher inflation.

During the Financial Crisis Congress and President Obama Authorized Tax